Computer Modelling Group (TSE:CMG) Releases Earnings Results

Computer Modelling Group (TSE:CMG) posted its quarterly earnings data on Thursday. The company reported C$0.01 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$29.27 million for the quarter. Computer Modelling Group had a return on equity of 18.44% and a net margin of 12.41%.

Computer Modelling Group Trading Up 0.2%

CMG opened at C$4.16 on Friday. The business has a fifty day moving average price of C$4.05 and a 200 day moving average price of C$3.99. The company has a debt-to-equity ratio of 54.99, a current ratio of 1.06 and a quick ratio of 2.25. Computer Modelling Group has a 12 month low of C$3.40 and a 12 month high of C$5.62. The stock has a market capitalization of C$306.18 million, a price-to-earnings ratio of 21.89, a PEG ratio of 1.97 and a beta of -0.59.

Computer Modelling Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 4th. Computer Modelling Group’s payout ratio is presently 21.05%.

Insider Transactions at Computer Modelling Group

In related news, Director Alexander Davern acquired 25,000 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average price of C$4.00 per share, for a total transaction of C$100,000.00. Following the purchase, the director owned 225,000 shares of the company’s stock, valued at C$900,000. This represents a 12.50% increase in their position. 1.03% of the stock is owned by corporate insiders.

About Computer Modelling Group

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.